Deposit Booster Loan
Terms and conditions
- Applicant must be a registered member for six (6) month with a consistent deposit contributions
- Only applicable to salaried members with a repayment via checkoff system
- An interest of 10% to be charged on the boosted amount, and form part of the loan
- The boosted amount will be equivalent to your share deposits and not exceed KS 500,000 (five hundred thousand )
- The boosted amount will be held to form part of your deposits
- Presentation of both the booster application & loan form will be submitted together for processing
The Utabibu Cooperative and savings Society exists to pool together members’ savings and extend credit to them in accordance with the cooperative principles.
